Live Webcast Of Ben Bernanke's Press Conference

Today's FOMC circus concludes with Ben Bernanke saying a few generic words from prepared remarks, then answering Steve Liesman's and a few other journalists' questions, which all will boil down to the following: if the stock market drops by anything more than 1%, the stock market should rise immediately because will be there to prop it up, unemployment, inflation and the general economy be damned.

Hueys are just so outdated - preferred method now is through the sewer, in secret so the Ones and Zeros pop up through the toilets in executive washrooms on Wall St. And you thought they just went to visit the men's room to snort coke?

So true. I've noticed thats happened to many people here. Perhaps great minds think alike? I wish I had more time to peruse the threads. I'll see an interesting article in the morning and by the time I get off of work it's history. At least it's great to know there are people who aren't wasting their time watching MSM junk TV.

When trying to understand the puppet masters and their symbols, icons and hidden messages, one must never overlook something as obvious as a large Gold colored tie being worn by the head fiat pusher himself.

When he comes out in Gold boxers (or God forbid Gold briefs) it's time to sell my PMs. :)

on behalf of the massive number of dow-dependent state and federal employee pension recipients, and the 401kers/ira-ers, id like to give a shout out to the plunge protection team...kudos today on keepin it unreal!!!!!!!!!!!!!!!!!!................

except that ben isnt stupid, id say considering his nefarious ways and ulterior motives, he has handled this brilliantly since taking the crown....................certainly he has proven to be much more calculating than the Mindless Money Printer character many people believe him to be .......................he certainly has frustrated our good friend tyler.................

I would like to think that today's reaction in WTI sealed the deal for Ben that QE is not viable, all the money goes straight to the most liquid assets. Pardon the pun. Even though I'm sure he has been instructing his PDs to hold down the price of oil it obviously had been raring to rip on more QE.

"Someone explain to me, why do we let a private "for profit" corporation determine the economic future of a country?"....
cause most of the 99% r fucking cowards and think civil disobedience is a strategy that works against sociopaths....
nothing will change until the bankers r shot and removed from society....

...Good eyes Pete. Now I know your first name is not a cover for Bolongna, like Lo or something.

Yes, BIG TROUBLE!

One does not really have to ask ''the question'', do we? ...like, one of these bought and paid for media whores given a ''Press (LMAO) Pass'', as my friend Jack would say to Chairsatan--> http://www.youtube.com/watch?v=qPE7evFnwMg

johnMauldin, whom we were discussing last weekend both as having the chairsatan's ear duringRetreat and conferencing and having just formed what appears to be a marketing partnership with the top dCasey people a\is down [for years] as seeing this approach as being workable here: muddling through

"SSDD - until the SHTF for the stock market, at which point we will bring out the fluffing team to make sure the bank stocks and the cotton candy equities don't crash to maintain the illusion that we are not in a Depression - and to punish savers and retirees while rewarding banks and the kleptoligarchy."

Benny said he's in consultation mode? What the hell is that sopposed to mean? So far his "consultation" hasn't been worth a shit. finally, does that CNBC Bitch Bartiromo think we're still in a frigg'in "Soft Patch"? IDIOTS!!!

Trip down memory lane, oh and congrats to the tylers and wb7, later you characters.

SEWARD, NE—Claiming he wasn't afraid to let everyone in attendance know about "the real mess we're in," Federal Reserve chairman Ben Bernanke reportedly got drunk Tuesday and told everyone at Elwood's Corner Tavern about how absolutely fucked the U.S. economy actually is.Bernanke, who sources confirmed was "totally sloshed," arrived at the drinking establishment at approximately 5:30 p.m., ensconced himself upon a bar stool, and consumed several bottles of Miller High Life and a half-dozen shots of whiskey while loudly proclaiming to any patron who would listen that the economic outlook was "pretty goddamned awful if you want the God's honest truth.""Look, they don't want anyone except for the Washington, D.C. bigwigs to know how bad shit really is," said Bernanke, slurring his words as he spoke. "Mounting debt exacerbated—and not relieved—by unchecked consumption, spiraling interest rates, and the grim realities of an inevitable worldwide energy crisis are projected to leave our entire economy in the shitter for, like, a generation, man, I'm telling you."Enlarge Image?A drunken Bernanke attempts to find the Aerosmith song "Back In The Saddle" on the bar jukebox."And hell, as long as we're being honest, I might as well tell you that a truer estimate of the U.S. unemployment rate is actually up around 16 percent, with a 0.7 percent annual rate of economic growth if we're lucky—if we're lucky," continued Bernanke, nearly knocking a full beer over while gesturing with his hands. "Of course, if everybody knew that, it would likely cripple financial markets across the entire fucking globe, even in various emerging economies with self- sustaining growth."After launching into an extended 45-minute diatribe about shortsighted moves by "those bastards in Congress" that could potentially exacerbate the nation's already deeply troublesome budget imbalance, the Federal Reserve chairman reportedly bought a round of tequila shots for two customers he had just met who were seated on either side of him, announcing, "I love these guys."Numerous bar patrons slowly nodded in agreement as Bernanke went on to suggest the United States could pass three or four more stimulus packages and "it wouldn't even matter.""You think that's going to create long-term economic growth, let alone promote job creation?" Bernanke said. "We're way beyond that, my friend. There are no jobs, okay? There's nothing. I think that calls for another drink, don't you?"While using beer bottles and pretzel sticks in an attempt to explain to the bartender the importance of infusing $650 billion into the bond market, the inebriated Fed chairman nearly fell off his stool and had to be held up by the patron sitting next to him.Another bargoer confirmed Bernanke stood about 2 inches from her face and sprayed her with saliva, claiming inflation was going to "totally screw" consumer confidence and then asking if he could bum a smoke."Sure, we could hold down long-term interest rates and pursue a program of quantitative easing, but c'mon, we all know that's not going to make the slightest bit of difference when it comes to output, demand, or employment," Bernanke said before being told to "try to keep [his] voice down" by the bartender. "And trust me, with the value of the U.S. dollar in the toilet, import costs going through the roof, and numerous world governments unprepared for their own substantial debt burdens, shit's not looking too good for us abroad, either.""God, I'm so wasted," added Bernanke, resting his head on the bar.Later in the evening, Richard Kampman, a truck driver who was laid off in 2010, said Bernanke approached him in the men's restroom and attempted to strike up a conversation about various factors contributing to the current financial crisis."He stumbled up to the urinal and started mumbling on about the depressed housing sector or something," said Kampman, who claimed Bernanke had to use both hands on the wall to steady himself. "Then after a while he just sort of stopped and I couldn't tell if he was laughing or crying.""Then he puked all over the sink and the mirror," Kampman added.Customers at the bar told reporters the "shitfaced" and disruptive Bernanke refused to pay for his drinks with U.S. currency, claiming it was "worthless." Witnesses also confirmed that near the end of the evening, Bernanke put money into the jukebox and selected Dire Straits' "Money For Nothing" to play five times in a row."This is what it's all about," said Bernanke, who reportedly danced alone in the middle of the dark tavern. "Fucking love this song."

Ben sounds pretty terrified. He sounds reluctant to engage in more blatant QE, and wants to engage in other funny business. The thing is, I don't think he has a clue how his other BS maneuvers will play out.

Nice liquidity trap question. As I took it, his answer was basically, "yeah, we're in a liquidity trap, but we can still weasel around, so look out!".

Bernanke masterfully avoids mentioning the name JP Morgan while be asked about the Volcker rule. He is asked: should regulators move more quickly given what happened at JP Morgan? The "event you are referring to" he calls it, before offering: "It's been a very difficult process with the amount of work that has to be done, the amount of coordination that has to be done."

that's a full sentence that means absolutely nothing. A genius at work.

TORONTO (Reuters) - Canada's housing boom will grind to a halt next year, stopped by price declines in the condominium-saturated markets of Toronto and Vancouver, according to a Reuters poll, raising the risk of a broader economic slowdown.